Trex Company, Inc. (NYSE:TREX) Receives Average Rating of “Hold” from Brokerages

Shares of Trex Company, Inc. (NYSE:TREX) have earned an average rating of “Hold” from the twenty-three ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $47.7750.

TREX has been the subject of a number of research reports. Stifel Nicolaus set a $37.50 price target on Trex and gave the company a “hold” rating in a research note on Monday, February 23rd. DA Davidson boosted their price objective on Trex from $50.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Trex in a report on Friday, March 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a $54.00 target price on shares of Trex in a research note on Thursday, January 8th. Finally, Barclays lifted their target price on Trex from $32.00 to $39.00 and gave the stock an “underweight” rating in a report on Wednesday, February 25th.

Trex Trading Up 0.1%

Trex stock opened at $35.58 on Tuesday. Trex has a 52 week low of $29.77 and a 52 week high of $68.78. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 8.18 and a beta of 1.61. The company’s 50-day moving average price is $39.85 and its two-hundred day moving average price is $41.01.

Trex (NYSE:TREX) last posted its quarterly earnings data on Tuesday, February 24th. The construction company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. Trex had a net margin of 16.22% and a return on equity of 20.29%. The business had revenue of $161.13 million during the quarter, compared to analysts’ expectations of $144.39 million. During the same period last year, the firm posted $0.09 earnings per share. The business’s revenue was down 3.9% on a year-over-year basis. Research analysts expect that Trex will post 2.04 earnings per share for the current fiscal year.

Institutional Trading of Trex

A number of hedge funds and other institutional investors have recently made changes to their positions in TREX. V Square Quantitative Management LLC bought a new stake in Trex during the fourth quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in Trex in the third quarter worth approximately $31,000. Clearstead Trust LLC bought a new position in shares of Trex in the fourth quarter valued at $33,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Trex in the fourth quarter valued at $47,000. Finally, Empowered Funds LLC acquired a new stake in shares of Trex during the 4th quarter valued at $50,000. 95.96% of the stock is currently owned by institutional investors.

About Trex

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.